Outlook in EURUSD remains on the downside as long as 1.0692 resistance holds on a daily closing basis , support comes at the 1.0497 levels , a halt is likely , but a cut – sustained breakout – below the 1.0497 levels would open 1.0327 next , further down will target the 1.0200 levels.
On the upside , resistance comes at the 1.0692 levels , sustained breakout – daily closing above the 1.0692 levels will suggest short term bottoming and open 1.0837 levels before the next fall..however ; keep in mind that any rise above the 1.0692 levels should be limited by / below the 1.1182 levels where fall resumption is likely !!!!
In all ,as long as 1.0692 resistance holds on a daily closing basis , outlook in EURUSD remains on the downside towards the 1.0497 levels ahead of the 1.0327 levels , above the 1.0692 levels will turn outlook neutral and bring limited gains below the 1.0837 levels before the next possible fall….